Date – September 8, 2010

According to the report on situation of electrical and electronics industries, it specifies that the export should grow by 15.6% this year compared with last year’s US$ 42.47509 billion. However, movement of Baht and improvement of international transportation must be kept an eye on.

Supachai Suthipongchai, chairman of electrical and electronic industries division, the Federation of Thai Industries (FTI), said that although Thai electrical and electronics industries see high export value, especially in the first half of 2010, import of parts and components for production is also heavy.

In Jan-June 2010, electrical appliance export valued US$ 9.345 billion or about 300 billion Baht, electronics export valued US$ 15.789 billion or about 500 billion Baht (36.95% increase compared with the same period last year, import of parts and component import is as high as US$ 19.484 billion or about 620 billion Baht.    

This shows that Thailand’s market can see a lot of opportunities due to the fact that import is now up to almost US$ 20 billion. If domestic operators are supported to manufacture parts to reduce import, it will contribute to electrical and electronics industries.